Delaware Statutes
§ 1506 — Assignment, transfer of securities
All securities deposited by an insurer and not negotiable by delivery shall be duly registered in the name of the Commissioner and his or her successors in office, or with power of attorney as provided in § 1504 of this title. Upon release of any such security to the insurer, the Commissioner shall reassign or surrender the power of attorney to the insurer.
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Legislative History
18 Del. C. 1953, § 1507; 56 Del. Laws, c. 380, § 1 ; 70 Del. Laws, c. 186, § 1
Nearby Sections
14
§ 1502
Purpose of deposit§ 1505
Record of deposits§ 1507
Appraisal§ 1508
Excess deposits§ 1510
Levy upon deposit§ 1511
Deficiency of deposit§ 1514
Commissioner’s liability